The Y2K panic is well documented, but its aftermath is only now being appreciated. The entire IT industry has suffered a slowdown, in part due to the unexpectedly high spend companies met to protect themselves in the late 1990s. This has since been compounded by a struggling global economy that encourages a ‘make do and mend’ approach to IT investment.These two factors resulted in companies putting up with outmoded IT systems and holding back on a new wave of investment. This, in turn, has left computer manufacturers languishing in a sales slump, particularly in the small to medium business (SMB) sector.
Hewlett Packard (HP) seems to have hit the nail on the head with its newly-launched financing proposition HP Clearway, which looks set to take the business sector by storm. The computer giant has dealt a severe blow to its competitors with a deft business move that HP believes will help it dominate corporate sales among companies with 10-500 employees.
